Local startup CapControls is announcing a significant merger this morning and changing its name. The company, which provides shareholder data management tools to private companies, venture capital and private equity firms, is merging with Boulder, Colo.-based Qval to form Shareholder InSite.
Qval is a well-known name in the world of venture capital and private-equity financial data services. It was spun off from Quist Valuation. Financial terms of the companies' deal were not disclosed.
The combined company will offer “a suite of services and software‐based tools that manage portfolio data for capital structure, develop financial measurements, address audit requirements and streamline shareholder communications.”
CapControls is the latest venture from the team behind Investment Scorecard, which sold in 2007 to Informa Investment Solutions for $50 million. Founder and CEO Joe Maxwell, pictured, will continue in his current position while Qval president Brett Suchor will have the same title and be a member of the company's board.
“Each company fully complements the other’s product platforms and services and provides portfolio companies and PE and VC firms with a single solution that is not available in the marketplace today,” said Maxwell. “We look forward to expanding on the merger and adding further services and relevant functionality to the platform.”
That platform is expected to officially launch in the second quarter of this year, but is already in pilot testing with a handful of venture and private-equity players.
Shareholder InSite will have its headquarters here in Nashville but will also maintain offices Boulder, Seattle and in the San Francisco Bay area. The company has also said that it plans to expand to the East Coast during the first quarter of this year.